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Resolution: R-09-0278
File Number: 09-00645
Final Action Date: 6/11/2009
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING A REPAYMENT PLAN FOR FUNDS OWED TO THE UNITED
STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"), IN
AN AMOUNT NOT TO EXCEED $4,027,824.76, AS SET FORTH IN EXHIBIT "A",
ATTACHED AND INCORPORATED, TO ALLOW THE CITY OF MIAMI ("CITY") TO
ACCESS NEIGHBORHOOD STABILIZATION PROGRAM FUNDS, IN THE
AMOUNT OF $12,063,702; AUTHORIZING THE CITY MANAGER TO NEGOTIATE,
TO AMEND, AND TO EXECUTE ANY SUCH REPAYMENT AGREEMENT
BETWEEN THE CITY AND HUD FOR THE IMPLEMENTATION OF SAID
PURPOSES.
WHEREAS, pursuant to Resolution No. 08-0641, adopted November 23, 2008, the Miami City
Commission approved the acceptance of a grant from the United States Department of Housing and
Urban Development ("HUD") under the Housing and Economic Recovery act of 2008 in the amount of
$12,063,702 for the implementation of the Neighborhood Stabilization Program (NSP"); and
WHEREAS, on March 13, 2009, the NSP grant agreement between the City of Miami ("City") and
HUD was executed by the City Manager, as indicated in Exhibit "B", attached and incorporated; and
WHEREAS, pursuant to Special Condition #1 of the NSP grant agreement, before the City can
access the NSP funds, the City is required to submit a repayment plan for the outstanding obligations
due to HUD because of certain compliance issues; and
WHEREAS, the City has negotiated with HUD to repay the outstanding obligations, as set forth in
Exhibit "A", attached and incorporated; and
WHEREAS, the Department of Community Development has made changes to its policies and
procedures which have been communicated to and accepted by HUD to ensure that these
compliances issues are never repeated; and
WHEREAS, the Administration recommends approval of the repayment plan between the City and
HUD to allow the City to access the NSP funds;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The repayment agreement between the City and HUD to allow the City to
access NSP funds is approved.
City of Miand Page l of 2 Printed On: 10/2712009
File Number 09-00645 Enactment Number: R-09-0278
Section 3. The City Manager is authorized{1} negotiate, to amend, and to execute,
any such repayment agreement between the City and HUD for the implementation of
said purposes.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.{2}
Footnotes:
{1) The herein authorization is further subject to compliance with all requirements that may be imposed
by the City Attorney, including, but not limited to, those prescribed by the City Attorney, including but
not limited to those prescribed by applicable City Charter and Code provisions.
{2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
City of Miand Page 2 of 2 Printed On: 1012712009